LMR Partners LLP Makes New Investment in Texas Instruments Incorporated (NASDAQ:TXN)

LMR Partners LLP acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,040 shares of the semiconductor company's stock, valued at approximately $2,694,000.

A number of other institutional investors have also modified their holdings of the company. Capital Research Global Investors lifted its stake in shares of Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company's stock worth $5,002,522,000 after purchasing an additional 1,279,828 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Texas Instruments by 454.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company's stock worth $244,386,000 after acquiring an additional 1,029,741 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Texas Instruments by 17,253.3% in the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company's stock worth $126,718,000 after acquiring an additional 609,905 shares during the period. National Bank of Canada FI grew its position in Texas Instruments by 234.1% in the second quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company's stock valued at $144,423,000 after acquiring an additional 520,073 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Texas Instruments by 37.2% during the second quarter. William Blair Investment Management LLC now owns 1,666,886 shares of the semiconductor company's stock valued at $324,259,000 after purchasing an additional 451,862 shares during the period. Hedge funds and other institutional investors own 84.99% of the company's stock.

Insider Activity at Texas Instruments

In related news, CEO Haviv Ilan sold 1,200 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total transaction of $251,328.00. Following the transaction, the chief executive officer now owns 158,676 shares in the company, valued at $33,233,101.44. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the company's stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company's stock, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,548 shares of company stock worth $5,341,235 over the last ninety days. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Stock Performance

Shares of Texas Instruments stock traded down $6.11 during trading on Tuesday, hitting $201.07. 5,568,691 shares of the stock were exchanged, compared to its average volume of 5,515,682. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 12 month low of $151.27 and a 12 month high of $220.38. The stock's fifty day moving average is $204.51 and its 200 day moving average is $200.01. The stock has a market cap of $183.42 billion, a PE ratio of 38.13, a P/E/G ratio of 4.40 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.38 by $0.09. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 31.60% and a return on equity of 29.05%. Texas Instruments's revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.80 earnings per share. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a $1.36 dividend. This is a boost from Texas Instruments's previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.71%. Texas Instruments's dividend payout ratio is presently 101.12%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Rosenblatt Securities restated a "buy" rating and issued a $250.00 target price on shares of Texas Instruments in a research note on Wednesday, October 23rd. Jefferies Financial Group raised their target price on Texas Instruments from $175.00 to $185.00 and gave the company a "hold" rating in a research note on Wednesday, July 24th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price target on shares of Texas Instruments in a research note on Wednesday, October 23rd. Truist Financial lowered their price objective on Texas Instruments from $198.00 to $190.00 and set a "hold" rating for the company in a research note on Wednesday, October 23rd. Finally, Evercore ISI lifted their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $206.95.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.